OPEC
Duty relief on fuel expected to brighten festive mood
Oil & Gas
October 20, 2021
Duty relief on fuel expected to brighten festive mood
Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for…
Petrol, diesel prices hiked as crude nears $80/barrel
Oil & Gas
September 28, 2021
Petrol, diesel prices hiked as crude nears $80/barrel
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices…
India seeks reasonable price from oil producers
Oil & Gas
July 28, 2021
India seeks reasonable price from oil producers
India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms…
OPEC, allies reach agreement after row over production
Oil & Gas
July 19, 2021
OPEC, allies reach agreement after row over production
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a full agreement…
Puri conveys concerns over high oil prices to Saudi, UAE
Oil & Gas
July 16, 2021
Puri conveys concerns over high oil prices to Saudi, UAE
Hardeep Singh Puri has conveyed to OPEC countries its concern over high oil prices that are threatening to impact the…
Consumers may get respite from frequent fuel price hike
Oil & Gas
July 9, 2021
Consumers may get respite from frequent fuel price hike
Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price…
Hardeep Singh Puri given charge of Petroleum Ministry
Oil & Gas
July 8, 2021
Hardeep Singh Puri given charge of Petroleum Ministry
Hardeep Singh Puri will now take charge of the Ministry of Petroleum and Natural Gas. He has relinquished the portfolio…
First time ever Petrol crosses Rs 95 a litre in Delhi
Oil & Gas
June 7, 2021
First time ever Petrol crosses Rs 95 a litre in Delhi
Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for…
Crude Oil increases towards $72 on demand prospects
Oil & Gas
June 5, 2021
Crude Oil increases towards $72 on demand prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Brent crude above $71/bbl amid tightening market
Oil & Gas
June 3, 2021
Brent crude above $71/bbl amid tightening market
Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand…
Africa’s share in India’s oil imports at 7-month high
Oil & Gas
June 1, 2021
Africa’s share in India’s oil imports at 7-month high
Africa's share in India's oil imports surged to a seven-month high in April as refiners boosted purchases from small regional…
Indian refiners set to make room for Iranian oil
Oil & Gas
May 19, 2021
Indian refiners set to make room for Iranian oil
Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing…
India’s fuel sales drop 9.4% in April on COVID wave
Oil & Gas
May 12, 2021
India’s fuel sales drop 9.4% in April on COVID wave
India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas
April 6, 2021
Indian Oil buys its first Johan Sverdrup crude cargoes
Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil & Gas
March 27, 2021
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted…
Upcoming polls keep oil companies from hiking prices
Oil & Gas
March 18, 2021
Upcoming polls keep oil companies from hiking prices
Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
Oil prices hit 13-month highs on tighter supplies
Oil & Gas
February 25, 2021
Oil prices hit 13-month highs on tighter supplies
Oil prices rose for a fourth straight session to the highest levels in more than 13 months, underpinned by monetary…
Pradhan gives two main reasons behind rising fuel prices
Oil & Gas
February 22, 2021
Pradhan gives two main reasons behind rising fuel prices
Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that reduced fuel production and oil-rich nations seeking more profits are…
India is creating a global model of energy justice
Oil & Gas
February 16, 2021
India is creating a global model of energy justice
MoPNG Dharmendra Pradhan said that by balancing accessibility and affordability, India is creating a global model of energy justice and…
Dharmendra Pradhan asks OPEC to correct price anomalies
Oil & Gas
November 5, 2020
Dharmendra Pradhan asks OPEC to correct price anomalies
India pressed for assessing the impact of COVID-induced disruptions to global energy sector supply chains and said oil cartel OPEC…
Global oil demand may recover by 2022
Oil & Gas
October 14, 2020
Global oil demand may recover by 2022
Global demand for crude could recover to pre-coronavirus levels by 2022, Saudi Aramco said, as the International Energy Agency projected…
G20 Extraordinary Energy Ministers meeting
Oil & Gas
April 10, 2020
G20 Extraordinary Energy Ministers meeting
Petroleum Minister Dharmendra Pradhan, participated in the G20 Extraordinary Energy Ministers’ virtual Meeting on 10th April 2020. The meeting was…